MACD is rounding, could cross by the end of the week. Looking for a long position over 49.96 with a previous days low trailing stop. Targeting 50% retrace.
Bullish Options activity in Aug 55C, 50C, 49C and Sept 48C
Strong Weekly close over 11.24 could lead to a YTD high test in the first two weeks of Aug. 11.50+ close on the daily. Options Activity in Sept 12.5 calls has been unusual as well as clear accumulation in the 11.00-11.50 area.